Inc. Magazine Names Concierge Auctions One of America's Fastest Growing Companies for the Second Year in a Row
Posted by Gina Maruschak — August 26, 2015
NEW YORK, NY – August 25, 2015 – New York City-based luxury real estate auction marketplace Concierge Auctions, the preeminent platform for buyers, sellers and real estate agents globally, has been named to the Inc. 5000 list of fastest growing companies in America for the second year in a row. The company gained over 2,000 spots since last year, moving from number 3,922 to 1,826.
"Being named to the Inc. 5000 list two years in a row is a reflection of our dedicated team and loyal following,” said Concierge Auctions Chairman Chad Roffers. “We’re on pace to exceed $1 billion in aggregate sales by the close of this year, and we’re not slowing down. We have a disciplined strategy for continued growth of our platform as the smartest way to purchase and sell the world’s finest properties.”
Originally introduced as the Inc. 500 list in 1982 to acknowledge the fastest-growing privately held companies in the United States, the prestigious list evolved into to the Inc. 5000 list in 2007 and has become the hallmark of entrepreneurial success. Household names like Pandora, Zipcar, Zappos.com and many other well-known brands have been honored by the Inc. 5000.
The Inc. 5000 list ranks independent, privately-owned American companies by overall revenue growth in a three-year period. To determine this year’s winners, 2011 and 2014 revenues were evaluated. All 5,000 honored companies are individually profiled on Inc.com and will be officially recognized in October during an awards ceremony in Orlando, Florida.
Concierge Auctions met all the criteria, including increasing its annual net revenue by 218% between 2011 and 2014, from $4.1 million to $13.0 million.
“We’ve recently been praised as if we’re an overnight-success story, but what many don’t realize is that we’re in our eighth year of business,” added Concierge Auctions President Laura Brady. “We’ve achieved consistent growth year-over-year and have had many valuable learnings along the way. We’ve now proven the scalability of our model and are excited for exponential impact in the coming years.”
In addition to growing its staff over 40 full-time employees and being recognized by the National Auctioneers Association and USA Today as “Best in Show” for Advertising and Public Relations this year, Concierge Auctions also delivered a 90% sell through rate in the first half of 2015 while producing numerous auction sales over $10 million – a price category the firm pioneered and continues to dominate.
Upcoming luxury property auctions are underway in Arizona, California, Colorado, Florida, Hawaii, Idaho, Michigan, New Hampshire, Nevada, North Carolina, Pennsylvania, Utah, Virginia, the Bahamas, Canada and Spain. If you or someone you know is interested in buying or selling a remarkable property through Concierge Auctions, call 212.257.5018.
About Concierge Auctions
New York-based Concierge Auctions is the dominant player in the luxury real estate auctions sector, selling high-end properties worldwide through a transparent and market-based bidding process. Since its founding in 2008, Concierge’s business has spanned the globe, including 27 US states and 5 countries, and the firm has produced numerous record-setting sales. Concierge recently received the "Best Overall Marketing" award from Who's Who in Luxury Real Estate, a global collection of more than 130,000 real estate professionals in more than 60 countries, and has been named one of America's fastest-growing companies by Inc. Magazine for two years in a row.